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Fast&furious

615 Posts.

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10/12/17

09:42

Post #: 29514200
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Originally posted by hurcorh ↑

You have no idea do you?

"So the natural thing to do is drill near it to confirm the formation and geology of the rocks there" - Yes as I stated in my post, I knew the intention of Well 1 but to drill it off structure (maybe research this) is a big X. No point confirming or denying the geology / "rocks" (lol) and oil of a reservoir which has unique properties if you're off the structure you're targeting! This is a miss. Hence why oil recovery was so low. The company stated this themselves! This well as we both know wasn't supposed to be a flowing well but it was supposed to recover more than the single barrel (ish) they recovered. The lab results will not tell us much more than the API weight of the oil which i've taken personally onsite more times than I can count using a hydrometer in a very short span of time after collecting samples from DST's.

And as for your last comment, that is one of the most misinterpreted statements I have ever read on HC. You think they meant 1 billion barrels of oil from well 2 alone? What a joke. You think there is $50bn of oil in one well?????????

As you'll see, I still hold PRL and there is still a chance that it could turn out to be a success story but rarely is that the case and the more time that passes, PRL is proving that point.

Heartastack, "How did PRL 'miss well 1 target'? This is the kind of loose lip ship sinking crap that keeps being written here" They stated it themselves mate keep up. Drilled off structure is a missed target when the target was the structure!

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One more thing if well 1 is such a failure why would management buys up 22% more with money we don’t have? Are they stupid?

PRL Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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Ann: Exposure to Uruguay increased by 22.9%, page-232

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Pantera begins drilling of maiden test well at Smackover

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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